Hyatt Hotels (NYSE:H) Price Target Raised to $154.00 at Robert W. Baird

Key Points

• Analysts at Robert W. Baird raised the price target for Hyatt Hotels from $150.00 to $154.00, indicating a potential upside of 4.13% from the stock's previous close.
• Deutsche Bank upgraded Hyatt Hotels from a "hold" rating to a "buy" rating, while Truist Financial increased their price objective from $140.00 to $159.00.
• Hyatt reported a quarterly EPS of $0.68, surpassing analysts' estimates of $0.62, and had revenue of $1.81 billion, exceeding projections of $1.74 billion.

Hyatt Hotels (NYSE:H - Get Free Report) had its price target raised by analysts at Robert W. Baird from $150.00 to $154.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Robert W. Baird's target price suggests a potential upside of 4.13% from the stock's previous close.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Truist Financial upped their price objective on Hyatt Hotels from $140.00 to $159.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Barclays decreased their price objective on Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Hyatt Hotels in a report on Wednesday, October 8th. Finally, Raymond James Financial raised Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price on the stock in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $151.47.

Hyatt Hotels Stock Up 1.7%

H stock opened at $147.89 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $14.12 billion, a PE ratio of 35.13, a PEG ratio of 2.29 and a beta of 1.41. Hyatt Hotels has a 1-year low of $102.43 and a 1-year high of $168.20. The business's 50 day simple moving average is $143.34 and its 200 day simple moving average is $135.44.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the firm posted $1.53 EPS. As a group, research analysts anticipate that Hyatt Hotels will post 3.05 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In related news, insider David Udell sold 4,051 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the completion of the sale, the insider directly owned 16,756 shares in the company, valued at $2,429,620. This represents a 19.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently modified their holdings of the business. Bamco Inc. NY lifted its position in shares of Hyatt Hotels by 2.9% during the 2nd quarter. Bamco Inc. NY now owns 5,955,212 shares of the company's stock worth $831,645,000 after buying an additional 166,249 shares during the last quarter. Vanguard Group Inc. raised its position in Hyatt Hotels by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,920,488 shares of the company's stock valued at $480,260,000 after purchasing an additional 21,190 shares during the last quarter. Principal Financial Group Inc. raised its position in Hyatt Hotels by 16.4% in the first quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock valued at $384,132,000 after purchasing an additional 441,417 shares during the last quarter. Bank of Nova Scotia raised its position in Hyatt Hotels by 9.3% in the first quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company's stock valued at $229,987,000 after purchasing an additional 160,461 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Hyatt Hotels by 6.9% in the first quarter. Wellington Management Group LLP now owns 1,800,639 shares of the company's stock valued at $220,578,000 after purchasing an additional 116,813 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.

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